The China auto-financing arm of Volkswagen AG says it plans to add more than a dozen dealers in the Beijing area to its network in the coming weeks, raising the finance unit's coverage t... Read more
Japan's Mazda Motor Corp has set up its first wholly-owned subsidiary in Pudong, with an initial capital of US$7.5mn, the company said. Mazda China Operations, to begin operations in lat... Read more
In a move to protect consumers and impose order in the auto market, Beijing is now requiring automobile dealerships to be authorized by an automaker, or by a licensed general distributor beg... Read more
Prices of domestic automobile prices will continue to decline in 2005 as supply continues to exceed demand, state media reported, citing a government report. Despite this trend and the risin... Read more
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